Courtney Trying To Access Daughter's Trust Fund Money!
Filed under: Legal Matters > Courtney Love > Frances Bean Cobain
Courtney Love is not able to access the trust fund of her daughter, Frances Bean Cobain, due to a dispute with the bank.
The First Republic Bank filed papers in federal court in order to put a hold on the $1.2 million account because they believe that Courtney is not the only one trying to access it!
And with all that debt she's accumulated, we're not surprised!
The bank claims there's a dispute over who can access the funds - and they want to sort that out.
Courtney's attorney believes that the filing is "childish and vindictive" as they just wanted to move the money to another bank and believe that the financial institution doesn't want to lose such a big account.
Keep Courtney far, far away from Frances' $$$$$!
One stop and at the pill shop and her inheritance is history!
[Image via WENN.]
Is Francis old enough to tell mom "NO"? I hope she does. Seems suspicious that Courtney would want to access those funds. Drugs make people do strange things, even steal from your daughter.
she could just get emancipated like drew barrymore
SECOND!
That kid looks just like her Daddy.
Someone needs to remind Courtney today…..Courtney, you are a loser!
holy shit balls! "Momma's just gonna hold it for you" is hilarious. Good one.
The kids money belongs in the kids trust! Wow Courtney is drugged.
Yeah move the money to another bank, into an account with Courtney's name on it.
One stop and at the pill shop and her inheritance is history????
Hmm, atleast Courtney is a talented musician–or atleast was back in her day.
Haha, "Momma's just gonna hold it for you…" made me laugh! :]
Ahaha.
How can Kurt Cobain's estate only have $1.2 million in it for Frances??? That is scandalous! there should be at least 10 times that amount!
Frances looks so much like Kurt. Almost an identical female version of him. BTW–Courtnety has every right to ask for those funds. That money belongs to her and her daughter. It's the money of her husband that now belongs to her and her daughter. The child is a minor so she can manage those funds.
That poor kid. What a legacy she has. Losing her dad before she even got to know him, and her mother is a mess. I feel sad for this girl.
Re: Becky Folder – seriously wtf. you have problems. especially if you only love 2 "things". pres obama doesnt need obnoxious c*unts like you to troll the internet.
Why and the hell is this lil girl worth only 1.2 million dollars when Courtney has garnered well over $50 million in the estate of Kurt Cobain. Has she seriously blown all his cash and is going to leave her daughter penny less. Sad.
I doubt Frances even cares that all she has out of the entire estate is 1.2million either. She is, no doubt, very familiar with how shitty money and fame makes people and would probably prefer to live a more "normal" life.
She's vile and disgusting!!
Part of me is shocked that there's ONLY $1.2MIL left. The other part of me is shocked the trust hasn't already been squandered. Poor Frances, run away!!!
Only 1.2 mil???
That's not much for a trust fund, let alone the daughter of Kurt Cobain.
This woman knows no shame.
Move it to another bank?? What did she think she was going to do, huh?
Walk out the bank with 1.2 million in a duffle bag? What a trainwreck.
THERE'S ONLY $1.2 million in it????????????
awww she is really pretty she looks soo much like kurt cobain awww RIP kurt Cobain we all loved your music. and Courtney should be ashamed of herself for even thinking about doing that.
omg she's such a junkie, hope they don't give her any access to that kid's money!
What Perez doesn't post about the whole story is that both CL AND the trustees of Frances estate want to move it to another bank in the same legal terms that currently exist, she doesn't want access to it. She (and the trustees) want to move it to another bank so it can grow based on current rates and the handling of the inaccessibility of the money that no one can do anything with apparently because the bank won't even let appointed people touch it.
Poor kid, she's had a rough time.
Francis looks like Kurt in this picture. I still miss him
Re: Yellow Peeps –
me too
Re: imsoregistered –
interest rates are at an almost all time low so that argument doesn't add up
Listen to me, yøung Franken Bean, your momma is a nut-case who will make your millions vanish, and then blame you for it. By the way, don't forget that drugs made your daddy famous, so don't forget to try drugs every chance you get. You'll be fine….
Courtney Love is gross. She looks like she would give you a virus just by brushing up against you. Someone should put her in the trash where she belongs.
Re: Nostradamus – Me three.
Her trust fund is only worth 1.2 million???? I have thought there would have been more myself….
Re: ouijabored – HA! you're outta YOUR bean! She may not want or need the $ NOW, but let her get around 18 and man, will that $ ever grow on her!!
what a load of BS!!!! I dont know how old she is or what type of trust but it dont work like that you friggin twat
hahahaha… oh Courtney…
What a pig. She blows millions of dollars and now wants her daughter's trust fund. Nasty twat.
she looks so much like kurt in this pic its creepy
The real shame here is that Frances, daughter of a rock n roll legend, only has 1.2 million dollars in her trust fund. She should have ten times that and be taken care of for life. Courtney's such a waste.
me is thinking that account should be way larger than 1.2 mill….. im sure the house he died in was probably worth more than that….
Re: Nostradamus – Interest rates ARE at an all time low yes, but you have no reading comprehension and apparently no idea how banks work. Just because interest rates are at a low, doesn't mean one bank is lower than another. It also doesn't mean all banks have the exact same offerings in investments. Currently, my bank yields a 2.9% return on a 2 year CD. My business' bank only has a 2 year CD at 1.2%. With a million dollars in play, that is a HUGE difference, even if they are at a low. All time low does NOT equal every bank is the exact same. Some banks offer many many ways to invest while others ONLY offer CDs. Geesh - before you go complaining about others arguments, you might want to learn about that which you are speaking.
Re: Bubbsie – This is only the size of this particular fund. There could be several trusts set up in several banks in several accounts because of the fact that only X amount of money is insured in banks. This could be a straight cash account, while other money is invested in bonds and CDs.
Bean looks just like her mom and you would think she would have her godmother Drew Barrymore looking out for her too.
Someone needs to help her, she won't get the help from her mom thats for sure.
Re: imsoregistered –
I'm cashing in 3.5% CD next week
how you them apples
I know how banks, esp. CD's, work, dad's a banker. You have a bloated sense of your own comprehension. It would be very stupid to buy a long term CD these days.
Besides, you missed the point. Everyone knows Courtney is a psycho bitch that has burned through Kurts estate. She gives lame excuses to cover her dirty deeds, apparently, you are the only one gullible enough to believe it.
how can it only be $1.2 million if nirvana was a huge band for year?
Re: Nostradamus – Wow, you're daddy's a banker? Congrats. That makes you smart enough to know whether the bank she is at offers as good of dealings as another? Self righteous much? Hey, my mom was the manager of a retail store - I bet I could run WAL-MART!!! And my father was a steel welder, I bet they'd give me journeyman right away with the union! Oh oh, my grandmother is a CNA, I bet I could walk in to a doctor's office and get hired on that!!! I quoted 2 year CD's because that's what I KNEW off hand, not because that's what best moron. See, there's this funny thing called knowledge that you lack and would rather give expertise based on someone else's experience. So Courtney's blew through HER money? Big deal. It's not YOURS. But then again, you believe the gossip sites that say "she's out of money" just like they say so about Pam Anderson but public records reveal quite different stories… But of course here, you miss the fact there are TRUSTEES of Frances estate who cannot access their own rightful accounts. Seems like someone else is buying into gullibility but it sure ain't me. It's people like you, who take word for word what a gossip site says as 100% facts. It's called taking it with a grain of salt. It's ENTERTAINMENT, NOT education. Does that explanation help you? Hey, does your Daddy keep his accounts away from themselves too? Or just your allowance?
Re: keygirl – Well, let's say conservatively, Nirvana has made $100 million total. There are 4 members of the band. 2 managers that have to be paid, plus the record companies, the licensing companies and the lawyers that manage the estate of Cobain. You're looking at roughly 80% of it gone, before it ever goes to anyone in Cobain's family. So, again, conservatively, Cobain's estate only comes in at $20 million total. His belongings and debts were not paid off according to the public records at the time of his estate being filed for settlement. Now, when Love sued the estate handlers after investments and such, the estate was robbed of tens of millions which is now wrapped up in legal, it can't be distributed. These handlers used Cobain's social and bank accounts to secure millions in loans. Though her case will win, much of that money was mishandled by executors. Now, let's also not forget, Cobain willed his money not just to Frances and Courtney, but to others like his sister and mother. I think a total of 5 or 6 people split up what he had left as well. And lastly again, that this is also what is in THIS trust. Usually, with large estates, money is broken into several accounts across several banks for security and insurance purposes.
I should also probably note that this account is directly deposited into with current royalties only, parented by the company that disburses Nirvana's royalties, as dozens of other sites are reporting. Is it any coincidence a large account would want to be held onto by the parent company… Merrill Lynch?
Damn, Francis has her daddy's eyes. Poor kid, imagine being raised by THAT! Hope this is just an ugly rumor and not true, addicts will do anything to keep the party going, even if it means stealing from loved ones.
boy does she look just like her father! it's scary! please don't let courtney get a hold of that girl's money…she would just put it in her arm or up her nose. sorry courtney!
how can they have only 1.2 million? Nirvan are still selling records - surely Curts image rights should keep them rich forever